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About AJ DiCintio
AJ DiCintio is a Featured Writer for The New Media Journal. He first exercised his polemical skills arguing with friends on the street corners of the working class neighborhood where he grew up. Retired from teaching, he now applies those skills, somewhat honed and polished by experience, to social/political affairs.
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Obama Economy Anything But Cool
AJ DiCintio
August 10, 2012
As you most likely have seen or heard, Barack Obama recently flew to Connecticut to raise big bucks at the lavish Connecticut waterfront home of Hollywood big shot Harvey Weinstein.

However, busy as you are (perhaps because you hold down two jobs or spend enormous amounts of your time looking for work that pays above minimum wage), you may have missed this regarding the luxurious trip:

Obama insisted upon arriving by helicopter close to the site of the gala, prompting the state's Democratic governor to order a one day shutdown of an entire state park and its public beaches to serve as landing site as well as staging area for the multi-limousine motorcade that would whisk the president to yet another of his beloved forays into the Gatsbyesque world where effete, vacuous One Percenters come and go "like moths among the whisperings and the champagne and the stars."

As expected, the beach closings angered many Connecticut residents, including a Westport lifeguard who, Reuters reported, "fumed" about an act that "hurts the town's income" before he insulted its perpetrator with one of the harshest insults favored by 21 year olds:

"So when a man closes two government-run beaches, it's not cool."

Now, that put-down will properly draw vigorous applause from millions, including denizens of New York City who have been mightily inconvenienced by Obama's numerous forays into Manhattan's high life hot spots.

However, the youthful lifeguard would have performed an infinitely more valuable public service if he had spoken the following realities about a president addicted to being obsequiously slobbered over by and returning the favor to starry-eyed, leftist Pollyannas who appropriately live out their fake, hypocritical lives in the fake, hypocritical place dubbed "Tinseltown."

Specifically, he could have pointed out that a leader in love with Hollywood would naturally try to fake out the American people with the claim that for over "three and a half years" his policies have produced economic "gains" so remarkable that "The private sector is doing fine."

He could have shouted that such a leader would naturally try to fool the American people into believing the country's main economic problem is the desperate need for the dangerously indebted federal government to ship boatloads of money to "help state and local governments" create jobs, thereby taking full advantage of the incredible job-creating potential of nearly bankrupt California and its multiple bankrupt cities as well as fiscally teetering Illinois and the financial/political gem that is Chicago.

And he could have screamed that such a leader would naturally try to get away with insulting the American people with the moral and intellectual fakery of Marxist-inspired garbage proclaiming "if you've got a business" or have achieved any other kind of success, no matter how great or modest, "you didn't build [or earn it]" because "somebody else made [it] happen," the "somebody" always, in an elitist, statist, tinsel-warped worldview, the government.

Having made those observations, the lifeguard could have continued by contrasting the ridiculous and treacherous glitter with which the president loves to wrap himself and his words with facts about the nation's economic situation, facts such as those exposed by economist John Silva of Wells Fargo and financial analyst John Mauldin, who posted Silva's study at mauldineconomics.com.

Facts supported by 12 charts, which Silva labels "Figures," a beautifully appropriate term because they describe an economy whose dark, deformed shape puts the lie to the vibrantly sparkling economic body Barack Obama would have us believe he has created.

Following are some facts the lifeguard could have highlighted from Silva's findings and commentary:

Facts from Figure 1 and its U.S. manufacturing indices showing that annual economic growth having fallen to a feeble 1.5% rate in the second quarter of 2012, "Some parts of the economy continue to eek out modest gains, while others have slipped into outright declines."

Facts from Figure 3 and its nonfarm employment numbers revealing that "The U.S. economy lost 8.8 million jobs in the recession but has recouped [only] 3.8 million [leaving] an 'employment deficit' of roughly five million jobs," a painfully ugly reality which prompted Silva to the following sarcasm:

"Try telling one of these five million people that the economy has transitioned from recovery to expansion."

Facts from Figures 4, 5, and 6, where statistics about employment, real personal income, and government transfers (payments) shock us with the following three truths.

...Of the previous six economic recoveries lasting at least 36 months, the current expansion is "well below average and only slightly better than the 2001 cycle," the worst of the six.

...A key driver of income growth in [the current] economic cycle has been "transfer payments, such as social security, unemployment insurance, and food stamps, as opposed to wages and salaries." No wonder, then, that in the current cycle income earned from wages is up "just 6.6 percent" against an average of 11%, making it nearly tied for the worst in the six previous recoveries.

...With respect to increases in real income (income after adjustment for inflation), the current cycle is about to become "the worst on record."

With facts such as the ones just presented, the 21 year old would have put meat on an exclamation that shouts, "So when a president's economic policies have kept the economy shut down instead of vibrantly open, it's not cool!"

But whether the young man's failure to properly seize the moment resulted from his being distracted by beach closings, the many demands of his life, or even ignorance of economic reality, all is not lost; for there is time for America's youth, male and female, as well as their families, to get the figures straight.

Figures about the abysmal nature of the Obama Economy.

Figures about Obama's unkept economic promises.

And figures about the hard reality that in a number of Barack Obama's beloved European "social democracies" unemployment among the 18-35 age group is as stunningly high as 50% (Spain), 35% (Italy), and 22% (France and the UK).

If as they are truly open-minded about figures, that last piece of information, combined with their intimate knowledge of the pain and disillusionment they are experiencing in an America of "mere" 12% unemployment among young people, is certain to cause them to figure out the Obama economic vision blows their economic hopes and dreams far beyond "not cool" to a land whose atmosphere bites the flesh and the spirit with bitter, agonizing cold.


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